$2.81 Billion in Sales Expected for Univar Inc (NYSE:UNVR) This Quarter

Wall Street analysts predict that Univar Inc (NYSE:UNVR) will announce $2.81 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Univar’s earnings. The highest sales estimate is $2.84 billion and the lowest is $2.78 billion. Univar reported sales of $2.37 billion in the same quarter last year, which would suggest a positive year over year growth rate of 18.6%. The firm is expected to announce its next earnings report on Wednesday, August 7th.

On average, analysts expect that Univar will report full-year sales of $10.29 billion for the current fiscal year, with estimates ranging from $10.12 billion to $10.53 billion. For the next year, analysts forecast that the business will post sales of $10.93 billion, with estimates ranging from $10.43 billion to $11.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Univar.

Univar (NYSE:UNVR) last issued its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.23 by $0.10. Univar had a return on equity of 16.35% and a net margin of 0.50%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the company earned $0.42 earnings per share. Univar’s quarterly revenue was up .1% compared to the same quarter last year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Univar from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research report on Monday, June 3rd. Goldman Sachs Group assumed coverage on Univar in a research report on Thursday, April 18th. They issued a “neutral” rating on the stock. Berenberg Bank downgraded Univar from a “buy” rating to a “hold” rating and decreased their target price for the company from $27.00 to $25.00 in a research report on Wednesday, April 17th. Wells Fargo & Co set a $30.00 target price on Univar and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Finally, Barclays restated a “hold” rating and issued a $26.00 target price on shares of Univar in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $26.80.

NYSE UNVR opened at $22.04 on Friday. The stock has a market capitalization of $3.60 billion, a P/E ratio of 13.60, a PEG ratio of 1.39 and a beta of 1.54. The firm has a 50 day moving average price of $21.62. Univar has a 1-year low of $16.33 and a 1-year high of $31.23. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.45 and a current ratio of 2.04.

In related news, Director Christopher D. Pappas acquired 10,000 shares of Univar stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average price of $22.41 per share, for a total transaction of $224,100.00. Following the completion of the transaction, the director now owns 11,911 shares in the company, valued at approximately $266,925.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in UNVR. Rhumbline Advisers lifted its position in shares of Univar by 1.8% during the 4th quarter. Rhumbline Advisers now owns 104,935 shares of the basic materials company’s stock valued at $1,862,000 after acquiring an additional 1,821 shares during the period. PNC Financial Services Group Inc. increased its stake in Univar by 52.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 24,355 shares of the basic materials company’s stock valued at $432,000 after purchasing an additional 8,379 shares in the last quarter. California Public Employees Retirement System increased its stake in Univar by 36.6% during the 4th quarter. California Public Employees Retirement System now owns 209,732 shares of the basic materials company’s stock valued at $3,721,000 after purchasing an additional 56,232 shares in the last quarter. New York State Common Retirement Fund increased its stake in Univar by 24.7% during the 4th quarter. New York State Common Retirement Fund now owns 765,955 shares of the basic materials company’s stock valued at $13,588,000 after purchasing an additional 151,894 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Univar by 3.2% during the 4th quarter. BlackRock Inc. now owns 4,811,404 shares of the basic materials company’s stock valued at $85,354,000 after purchasing an additional 147,168 shares in the last quarter. Hedge funds and other institutional investors own 94.61% of the company’s stock.

About Univar

Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, and fertilizers; storage, packaging, and logistics services for crop protection companies; and pest control products and equipment.

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Earnings History and Estimates for Univar (NYSE:UNVR)

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